Looking For New Sources Of Funding For Transit

As transit agencies in Chicago and other metro areas deal with major budget deficits, a recent report evaluates other possible revenue sources to fund public transportation.

"Northeastern Illinois is home to the nation's second largest transit system. Hundreds of thousands of riders use CTA, Pace, and Metra every day, a testament to the value of transit in moving the region's goods, services and people where they need to go.

Northeastern Illinois' transit network directly reduces traffic congestion and air pollution while increasing mobility for those residents that lack transportation choices."

"Unfortunately, the future of public transit is endangered in Northeastern Illinois. Rising transit agency costs for energy, security and employee benefits have grown while funding-from an uneven and outdated apportionment of sales taxes across the six-county region-has not kept pace with needs.

The outdated funding formula has created a transit budget shortfall that grows each year."

"While the consequences of inaction are grave, solutions are within reach. "Finding Solutions to Fund Transit" highlights basic principles for evaluating potential revenue sources and considers several funding options available to state lawmakers to create a sustainable funding system for supporting the growing public transportation needs of Northeastern Illinois."

Full Story: Finding Solutions To Fund Transit: Combining Accountability & New Resources For World-Class Public Transportation


Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.
Planetizen Courses image ad

Looking for the perfect last-minute gift?

A one-year subscription to Planetizen Courses is the gift that will continue giving all year long.
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95